Securities Litigation News

We've compared the U.S. Supreme Court's decision in Morrison v. National Australia Bank to "Excalibur," as companies have wielded the ruling in case after case to strike down securities claims related to overseas investments. So its no surprise that the defense bar--including the lawyer who won Morrison back in 2010--came out in force Friday to back UBS AG in an appeal that could blunt or even undermine Morrison's force. 

For the lawyers fighting Dexia SA's mortgage-backed securities lawsuit against JPMorgan Chase & Co., Jed Rakoff giveth, and Rakoff taketh away. 

Wal-Mart Stores Inc. can’t block investors from using publicly disclosed internal files in lawsuits that claim directors failed to properly oversee executives accused of bribing Mexican officials, a judge said.

Less than two months after a judge gutted sprawling antitrust litigation over alleged manipulation of global benchmark interest rates, shareholders have struck out in a related securities class action against Barclays plc.

Hewlett-Packard Co must defend against a lawsuit accusing former management at the world's largest personal computer maker of defrauding shareholders by abandoning a business model it had long touted, causing more than $16 billion of market value to be wiped out.

JPMorgan Chase & Co has won a court order requiring plaintiffs' lawyers pursuing a securities fraud lawsuit against it to disclose the identities of witnesses sourced anonymously in the complaint.